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In this video:

How do you trade in less than 30 minutes a day? Is it possible and is it realistic? Let’s talk about that a more right now.

Hey there, Traders! Andrew Mitchem here at the Forex Trading Coach with video and podcast number 575.

Trading in 30 minutes or less per day.

I quite often get asked the question, look Andrew, you say that you trade in 30 minutes or less per day. How do you realistically do that and can you do that as a new trader? You see you know, the answer is yes, you can.

Of course. That’s why we say so. But the problem that I find is so many new people to trading and look I did the same, you know, myself 20 plus years ago. The issue that people have is they feel that they should be looking at, taking trades all the time. And as a result of that, the fun, the excitement, the, you know, the movement, is often seen on the very short timeframe charts such as, like one minute charts, five minute charts, 15 minute charts, and people feel that they need to be looking at those because that’s how they accumulate, trades and pips. People still mistakenly count their success in pips, which of course is completely the wrong thing to do.

New traders think they need to be taking trades all of the time.

And so when people start out, they think that they need to take lots of little trades. The realization comes when you realize that you’re just not making money from that. One the cost of the spread just gets in the way pretty much on almost every trade you take on the forex market and, you know, just eats into any profit.

Reward to risk is very hard to achieve or a good reward to risk. And also just realistically, you tend to find that a lot of people will sit down. They see a trade, or they think they see a trade because they’re ready. And so they’re taking far too many trades there, forcing trades because they’re sitting that.

And the other realization is that it’s actually not very enjoyable when you’re spending so much time looking at the charts, flicking through charts, getting very stressed when trades are open because you’re watching, like, small moves up and down, you know, going into profit, then you trade goes against you. Oh my goodness, I need to close it early and you start doing all these sort of crazy, rash, things without, you know, decisions without really a lot of thought or planning behind it.

Less is more.

So for me, the answer is less is more. I’ve been a fan of longer time frame charts. Now, it doesn’t mean to say I don’t look short a time frame. When I hold webinars for my clients, I look at one hour charts, etc. two hours, sometimes 30 minutes, but not very often. But 90% of my trading is done on the longer timeframe charts of like, six hour, eight hour, 12 hour, daily, weekly, monthly.

And you’ll find that those are a lot more enjoyable, are a lot more, reliability within the candles as well, within the charts. Reward risk is easier. Spread becomes you know, almost insignificant on so many of those pairs when you’re on a daily, weekly and monthly timeframe charts. So that becomes better, becomes more reliable.

My 2 preferred trading times.

Now, when you know when to look at your charts. Now, my two preferred times, this is purely my preferred times because of where I live and time of day, etc.. 5 p.m. New York time is the best time of day to start looking at your charts. Now, you don’t have to be there at that time, but that’s when the daily chart changes over. And at that same time, you can look at, no, at the beginning of the week, you can look at weekly charts, beginning of the month, look at monthly each day, look at daily charts.

And then at that same time each day, you can go through and look at 12 hour, eight hour, six hour charts. And that’s what I mean in terms of like 30 minutes a day. You can scan through those full time frames really easily in 10-15 minutes, like very easily. And so my other time frame that I try to look at is 5 a.m., New York time.

And at that time I scan through the 12 hour, the six hour, sometimes the four hour and the two hour charts and just literally scan through in ten minutes again and see if there’s any suitable trade set ups using my strategy.

We use limit orders to place trades

And if you think, well, I can’t trade those times, it doesn’t matter, because the way that we trade is we use limit orders anyway. And as an example, if you’re in, let’s say, Europe and you say, well, the 5:00 pm New York time close is my night time, I can’t trade then that’s fine. Look at placing those trades in your morning time. Sometimes you’ll miss out on a few trades if the market takes off in the Asian session. But most of the time you won’t.

And you’ll find that, you know, most of the action, of course, will start into the European session, US session. So you can trade those, those daily charts pretty much, wherever you live in the world. Very, very easily. You don’t have to be there at exactly 5 p.m. New York time.

Some clients just trade once a week.

So, I have clients also who, you know, very busy people who trade just once a week on the weekly charts. If you wanted to, let’s say, trade a few times a week, I would, pretty much pick a Tuesday, Wednesday, Thursday. Monday is always a bit quiet or can often be a bit quiet out of the week. Not a lot happening until, like, the European, Asian, European and US sessions kick off. And I would probably skip a Friday as well and focus on 2 or 3 days in the middle of the week.

You’re going to get your best chance of success and good market movements. So that’s how you can trade like, just 15, 30 minutes a day, a few days a week. And you’ll do very, very well once you know what you’re doing.

17 minutes Masterclass and Book a Call.

If you’d like to find out how we can help you to do this and how we do this ourselves, I’ll put a link here to my masterclass. It’s a free on demand session. Jump on it and have a look through it. it’s only 17 minutes. And just to get an understanding of how we trade and what we do,

If you’ve been on that and you’d like to book a call with one of us, you can do that as well. We’ll, we’ll open up a, a booking calendar where you can book a time to have a chat with us about what we do and if we’re a good fit for each other. And if we can help you.

Blueberry Markets as a Forex Broker.

And lastly, if you’re out there looking for a high quality broker, I can highly recommend Blueberry Markets. They have the MT4 and MT5 platform they base over in Australia, but they can take clients pretty much anywhere around the world apart from the US. But anybody else? You know, I have a look at, blueberry markets. And again, I’ll put a link to them here as well.

Enjoy your trading.

So, that’s it. It’s really important that you enjoy trading, do things like this, you know, outside summertime here in New Zealand this time of year, of course, southern hemisphere. Go and do things that are enjoyable and then, you know, you’ll really enjoy your trading as well.

You can’t have you trading been a bind that, you know, you glued to your charts, you glued to your computer. It’s just not fun. Less is more high quality trades, less of them. You’ll just do so much better. And again, that’s why we do what we do and why we enjoy doing what we do. And it’s why it works for so many, you know, thousands of people right around the world because you can still, you know, have family life, job, travel, whatever it is that you do and trade at the same time.

It’s not saying you need to sit there for x number of hours every single day, glued your charts, because let’s face it, that’s not fun. It’s not profitable either. So those two things are very important to get right. Of course.

Comments, Like & Subscribe.

So that’s it for this week. I hope you enjoyed the session. Don’t forget to like and subscribe. And, any questions you have, please come through to me. I’ll, see this time next week. This is Andrew Mitcham here at The Forex Trading Coach. Join this beautiful sunshine here in New Zealand in summertime. And I also enjoy trading and, take my trades this morning. And that’s it. Until later tonight. My time. See you next week. Bye for now.

In this video:

What do you do when you see this scenario happening on your charts? You’re looking at the same pair, but on two different time frame charts, and you’re seeing two signals but in opposite directions. It’s a common issue. We have a simple solution for you. Let’s talk about that and more right back.

Hey there. Traders! It’s Andrew Mitchem here at The Forex Trading Coach with video on podcast number 574.

Confusion on the charts.

A common scenario that causes a lot of issues. You’re on the EUR/USD. You’re on the daily time frame and you see a fantastic buy trade setting up. And you’re thinking fantastic. Let’s take a trade on this. Moving the market upwards in a bullish buy direction.

With the euro looking strong us looking weak. The issue is that you just taken that trade and you then scan through different time frame charts. And at the same time you’re seeing on the one hour chart the EUR/USD falling and it causes confusion. What do you do in that scenario? Do you take both positions? Do you take neither?

You get confused. Do you get stopped out on both? What should you do.

The longer time frame charts are generally more reliable.

So, simple solution for you is this. In general, the longer time frame charts are more accurate. In general, they should be more reliable. They offer in general, high reward to risk trades, and they are better to take because they have more data contained in within them.

And you can allow for fluctuations in market movements because you stop losses is likely to be bigger. But of course your profit target is going to be bigger. Your reward to risk is still similar, but probably better to your one hour time frame chart.

How I’d approach this scenario.  

And so what I like to do is I would certainly be taking that buy trade on the daily time frame, because that’s where my bread and butter trading comes from.

However, the way that we trade is that we don’t just say we’re taking it buy trade on that daily time frame. We look for retracements within the market, so unexpecting at some stage within that day. For the EUR/USD to fall. And that could be the exact scenario that you’re seeing at that time. But on the shorter timeframe chart where we see our sell opportunity on the one hour chart.

So on the daily timeframe, yes. Overall, I’m expecting within the next day or so for the market to move up. But I’m realistic and I’m expecting that potentially we should see a pullback or a retracement first. So when you go to your shorter time frame chart, it’s like you one, two, three, four hour charts. You may well see a sell trade and see the market pull back.

Now two scenarios there. You could look at that and go well longer time. I’m seeing the market moving up. I’m ignoring that shorter time frame sell opportunity. Or you can say, well I can see that sell opportunity because it’s on a short timeframe. Realistically my stop loss or my profit target a lot smaller. Again, the ratios are very similar, but there are lots more in terms of size.

So what you can do is take that sell trade at the same time, and you can profit from that small pullback on the shorter timeframe chart, whether it’s one, two, 3 or 4 hour chart let’s say. You can profit on that sell trade at the same time as that moves down, you’re probably going to find on your daily chart your limit order buy limit orders probably being filled by now.

And you take that sell trade on the short timeframe chart. You hit profit on that and then at the same time, bigger picture, your limit order gets filled on your daily chart, and then the market changes and moves up into your anticipated direction. That’s a fantastic scenario. When you see that happen, because you’ve got the same pair, two different trades in opposite directions, both becoming profitable.

And that’s the key to understanding what’s happening in the market and knowing when to enter, where to put your stop losses and your profit targets to ensure that both trades become profitable and you get good rewards to risk out of both trades.

High Reward:Risk trading.

Now let’s say one was profitable and the other wasn’t. With the way that we trade, let’s say we have a 3 to 1 reward to risk on our trades.

And let’s say it doesn’t really matter which one works and which one doesn’t. But let’s say the one hour chart worked and the daily didn’t. Let’s say on our one hour chart, we make a 3 to 1 reward to risk on our daily, we lose our, set risk of, let’s say, half of 1%. So we make 1.5%.

We lose half percent. If the scenarios have changed and our one hour short timeframe chart gets stopped, that we lose half percent. But our daily bigger picture by trade works and hits the profit target. We make 1.5% or 3 to 1, so we’re still net positive even with a 50% win rate. Of course, the ideal scenario sell trade works.

We make a 1.5% gain the buy trade on the daily works, we make another 1.5% gain. Fantastic results. 3% from two trades on the same market at the same time in opposite directions. And that’s what often happens when you have a strategy in place with reward to risk that you know and understand, and a strategy that is proven across all timeframe charts or markets and over such a long period of time. And that’s what we can help you with.

17 minutes Masterclass and Book a Call.

If you’d like to know more. Have a look at my free masterclass. If you have been on that already and you’d like to book a call with us, then you can do that as well. And I’ll put a link to both of those on this video and podcast page here, so you can follow along and jump on to the masterclass, or book a call and have a chat to see if we’re a good fit and say if what we do is something that’s going to work for you.

Blueberry Markets as a Forex Broker.

If you’re out there looking for a very good broker, I can highly recommend Blueberry Markets. They are fantastic broker. I’ve been with them for years and years, as have hundreds if not thousands of our clients and other people who I suggest have a look at blueberry markets, good people, good spreads, lots of markets available, and more and more markets coming on board now, especially on their MT5 platform. And I can highly recommend them.

Comments, Like & Subscribe.

If you have any questions or topics you’d like me to discuss as we head into this year, to help you with your trading in 2025 and beyond this, send me an email or leave a comment here, and I’ll be glad to help you and to discuss topics that you’re having issues with to help make you a successful trader.

This is Andrew Mitchem at the Forex Trading Coach. I see this time next week. Bye for now.

In this video:

How are you going to ensure that 2025 becomes a fantastic trading year for you? What are you going to do to make that happen? Let’s discuss that and more right now.

Hey there, Traders! Andrew Mitchem here at The Forex Trading Coach with video and podcast number 573.

Setting your trading goals for 2025.

First video on podcast for 2025. So the obvious thing that everybody talks about at the beginning of the year is New Years Resolutions, setting goals, all those type of things. Now I’m kind of going to talk about that, but I also want to make it realistic.

You see, I’ve sent out an email just yesterday talking about why people quit their New Year’s resolutions, and already by mid January, most people are given up on diets and gyms and all these things they said they were going to do. So it’s no good discussing that. Because realistically, some of those things are just not going to be achievable and you’ve probably already given up by now. So I’m a realistic, I like practical, realistic things, achievable goals.

What are you going to do to become successful this year?

So what is it that you are going to do to make sure that this year becomes a great trading year for you? What have you got written down? What have you set in place? What did you discuss with other people to ensure that with your trading, do you have the knowledge, the experience, the strategy, the support, to know what you’re doing?

Do you know, realistically, when you can trade, practically, when you can trade, how is it going to fit in with what you do, your lifestyle, your family commitments, sporting, music, work, whatever it is that you have going on in your life? So that’s how we get to the end of this year. You can look back and go, yeah, look, I pretty much stuck to my trading plan because I set realistic expectations at the beginning of the year when I can trade what markets I’m going to trade, what timeframes I’m going to look at, what type of patterns or in news events.

If you’re a fundamental trader, what am I trading to make it real? What’s my risk going to be? How many trades would I have open maximum at any one time. What am I realistic? Drawdown expectations. My profit expectations? Am I going to invest in myself? Am I going to invest in education? Have I already done that? If I’ve done that, have I actually followed through with that information and learned it properly?

Or I just sort of glossed over it last year, not really giving it a good shot. All those things you need to decide for yourself, but make it real.

Trading in less than 30 minutes a day.   

That’s why I say that we can trade in 30 minutes or less per day, because it’s something that’s realistically achievable, it’s enjoyable and it can be achieved by anybody. Doesn’t matter where they live in the world or what their other commitments are.

You can trade once a day at 5 p.m. New York time. You don’t even need to be there, by the way. We’ve got clients in 108 countries. Of course, not everybody can be on at that time. So that’s why we use limit orders as well. We make it real. We make it, something that is achievable to everybody.

So if you’d like to find out more about how we can do that, I can help you with that as well.

When to look at the charts and what time frame charts to trade.

But the other thing you need to know is when are you going to look at a chart, you know, and what risk it’s taking. All these things need to come into your plan. Are you on a demo account?

Have you been profitable on a demo account? Are you want to live or you want a mixture? Have you proven yourself on a small live account? And maybe your next goal is a prop firm. And with the prop then are you realistic about how you’re going to achieve results on that? Now to give you some examples.

Trading on large prop firms.

Now we’ve got people who are looking at trading $1 million prop firm accounts this year and beyond. You’ll notice that some prop firm companies offer up to $2 million. But let’s say for, you know, number, it takes two months for our clients to pass that $1 million prop firm account and make 10% on that account. Now, obviously, 10% on $1 million is $100,000. They’re on an 80/20 profit share, let’s say. That means $80,000 for them when they make that 10% gain on that prop for $1 million account.

Now, if you’re sitting there every two, three, sometimes one month with a 10% gain and making $80,000 per time, do you think that they going to worry that they spent $2,000 with me a few years ago and learned my strategy and system, and have turned up to webinars and forums and watched daily trades and videos, etc.

Investing in yourself up front.

So they put in a bit of effort and time and monetary commitment. At the beginning. And now they could be potentially earning, you know, $80,000 every few months. So you’ve got to look at that as well and go, wow, that’s a great return. Of course, it is an absolute no brainer. Why wouldn’t you do it? But also you got to realize that for a few months, years, some of those people have just earned small amounts of money or just demo money.

Another reaping the rewards. So you’ve got to be realistic about what stage of the process and the journey you are at. But it all comes back to the very basics of understanding money management, a good strategy, and some support and help around you. Now that’s where we can help.

Our 16th year of coaching.

Of course. We are entering our 16th year at The Forex Trading Coach. I don’t believe there’s hardly anybody around today who was around back then in the educational field. So the strategy is not changed. The people on board have not changed. Everything remains, constant because it works.

17 minutes Masterclass and Book a Call.

And if you’d like to find out more about how we trade and teach and can help you, have a look at my free on-demand masterclass.

If you’ve been on that and you’d like to know more, and you’d like to potentially look at joining us, let me know and I can send you some more details.

Blueberry Markets as a Forex Broker.

And if you’re out there looking for a good, broker to trade through, I can highly recommend Blueberry Markets. And I’ll put a link to them as well.

Comments, Like & Subscribe

So have yourself a great 2025. Make sure you do commit to some realistic goals and expectations. If you need help with that, contact me [email protected]. Be glad to help you. I see this time next week. Bye for now.

In this video:

I’m going to talk about how you can trade successfully if you only have a small live trading account. Let’s talk about that a more right now.

Hi there, Traders! It’s Andrew Mitchem here at The Forex Trading Coach with video and podcast number 572.

How to trade professionally if you have a small trading account?

I want to talk about a topic that affects a lot of you out there. And it’s all about how do you trade properly and professionally. If you only have a very small trading account, you see, the issue is that a small account, depending on who you are and your financial circumstances, may be a lot of money for you. And you become nervous. You’re not sure, how to trade. You’re fearful of losing money and you feel it’s not a sufficiently big enough account to make any sufficient and realistic money out of that account.

Dangers of gambling instead of trading.

On the other hand, you might be looking at trading, and you might find that a small account just play money for you. The danger of that is that you’re likely to do something really silly, and you’re likely to not understand risk management, and you’re not likely to calculate a lot sizing correctly, or you’re just going to gamble the money, or you don’t care about stop losses or for trade on forex trades opened over a weekend, whereas maybe your strategy says to shut those trades, you might over trade and take too many positions. And so depending on which side of the of the equation you’re at, the issues in some ways are still the same, because a small account can be hard to trade and to make what you call substantial gains on in terms of realistic monetary value. However, it’s very important that you trade that small account as though it was a larger account size.

Understanding correct money management and having a strategy.

It’s really important that you understand money management. Now, that account might be such a small account that the only thing you can do on your forex pairs is to trade 0.01 lots, and you may not have a big enough account to have really accurate, lot sizes. However, if that account is small, just trade 0.01 lots. Trade the absolute minimum lot size that you can.

The other thing that you really need to, get correctly here is a trading strategy. You know, just because you might have a lot of money and you’re just putting $500,000 in the can in this kind of play money, you’re probably going to end up losing it.

Or you might gamble in flukes and lucky trades, but without that strategy and that understanding of how you trade in the first place, you’re kind of not doing yourself any favors. Likewise, if that small account is a fortune for you. Get yourself educated first. Either way, you have to have a strategy that you thoroughly understand and have confidence in.

You have to have trades that have high reward to risk so that you can make substantial gains. But also it’s really important. Let’s say you had $1,000, right? And let’s say that over time you made pick a figure $200 on it, and it might have taken you six months. The issue that you have there is that someone’s going to go, Andrew, I just made $200.

It’s taken me six months to get there. This is ridiculous. But don’t do that. That’s a common mistake if you want to trade properly. Think of it the other way around. Think of it as I’ve just made a 20% return in six months on a live account. Now, yes. Realistically, that’s $200. And you go, wow. Yeppy! I can’t live off that.

No, of course you can’t. But you can make 20%. And with your strategy and your skills, you’ve just learned how to make 20% in six months. You know, that could easily be 30, 40, 50, 60% in a year.

You now have the skills to be able to trade.

Now you go out there into the real world and find too many places where you can make that sort of money as a return.

But not only that, you now have the skill of knowing how to do this. And that’s the crucially important bit that people underestimate. And people forget. They just look at the $200, they don’t look at the 20%. So if you can do that and you have the skills to do that, you’re small account is almost irrelevant and does not matter.

And that’s the point of this video. Just because you might only have $500 or $1000 to put into a live account. Don’t think I can’t trade or don’t think it’s pointless me even starting. Invest in the education in yourself to learn how to do this properly. Because if you can and you can make those sort of returns we just talked about, you can either potentially increase that account one day.

You may or may not be able to trade for other people or family members, if that’s possible, depending on where you live and circumstances.

Trading on a Prop Firm account.

But also, as you’ve heard me talk in the past, we have an opportunity now to use prop firms. Now, if you make 30, 40, 50, 60% in a year with low drawdowns, you’re going to do very, very well by trading through a prop firm.

And again, without sounding like a broken record. The important thing is, is to educate yourself first, have a strategy that you understand and believe in and know, and then your small account doesn’t matter. You’ll make great returns long term. Start small. Learn how to do it. You’ll make the returns if you do it the other way round. And you just rush in and you’re going to make, you know, think you’re going to be sitting on a beach or driving red Ferrari and doing dumb things and gambling.

Trading realistically is not for you or you’re not going to last. So treat it like it’s real because it is real. It is a business and that’s how you will succeed long term.

Final video and podcast for 2024.

Now, I just wanted to also say thank you for being here. Thanks for your support, for watching, for listening throughout 2024. And obviously under the previous 15, 16 years prior to that.

This is my last video for 2024. So and we’re taking a break over Christmas and New Year. So I just wanted to say thank you, for being here. And basically for, you know, for joining in, for following what I do. And if you’re a client, it’s been boring to have you on board. If you’re not. Well, maybe 2025 to the year that you should consider joining us. Have yourself a wonderful Christmas and New Year. We will be round to answer emails.

My 17 minutes Masterclass.

I do have my on demand masterclass is running all the time. They are recorded prerecorded so you can just jump on to that whenever you like. It’s only 17 minutes long. I’ll put a link to that. If you’ve not been on it really highly recommend you spend 20 minutes and do that over the Christmas and New Year.

Book a Call with us.

If you’d like to book a call with us to have a chat about how we trade and how we can help you, I’ll put a link here as well.

Blueberry Markets as a Forex Broker.

And also, if you’re out there looking for a really top quality forex broker so you’re ready to trade properly in 2025 regardless of your account size. I highly recommend Blueberry Markets and I’ll put a link to them.

Happy Christmas and I’ll be back in 2025.

So once again, have a fantastic Christmas and awesome New Year and I’ll look forward to coming back here and bringing you more trading information, tips and videos and podcasts in 2025. Bye for now.

In this video:

I’m going to talk about the importance of trading with strength and weakness in your favor. It’s going to give you a massively improved trading performance. Let’s talk about that and more right now.

Hi there, Traders! Andrew Mitchem here at The Forex Trading Coach with video and podcast number 571.

Analysing Currency Strength & Weakness.

Today is all about analyzing currency, strength and weakness. Why we do it, how we do it, and how it can massively help increase your overall trading performance. So you think about it in terms of basics. Well, if you’re trading something that strong against something as weak. Logic would suggest, it has to add more probability to the trade.

A real trading example using the Japanese Yen.

Here’s a classic example. Let’s say the Japanese yen was very weak across the board. And you’re looking at a chart, let’s say it’s the daily chart and you’re looking at the JPY it’s going up. You’re looking at EUR/JPY, it’s going up. The USD/JPY, the CHF/JPY, the AUD/JPY and NZD/JPY, USD/JPY, SGD/JPY, HKD/JPY, whatever it is that you have on your charts, everything against the yen is going up.

So therefore there’s massive yen weakness at this point in time. Now you’re probably unlikely to go and take all of those trades even if they were suitable candle patterns, even if they had some round numbers to protect, stop losses and they had room to hit that profit target. So all the things that we look for, you’re unlikely to go and say take ¥8, ¥9, ¥10 related pairs.

So what you’re prepared to do is analyze strength and weakness. Now, we clearly know that right now in our example, the yen is the weakest currency. But what happens if, say, the Australian dollar, the New Zealand dollar and the Canadian dollar were all fairly weak against everything else apart from the yen? So those are the commodity currencies and they tend to move together.

So let’s say you’re looking at the AUD/USD, it was heading down, the AUD/GBP was open, Aussie is heading up. So there’s Aussie weakness. You’re looking at NZD/USD, it’s heading down against the franc is heading down. There’s a lot of weakness overall in the New Zealand, the Aussie and the Canadian.

So that is telling us that maybe with our strength and weakness analysis that maybe that the AUD/JPY, the NZD/JPY and the CAD/JPY are probably not going to be your high probability trades on those daily charts that we talked about.

Refining the pairs you trade further.  

You could also go as far as saying, well, let’s have a look at, let’s say the EUR/JPY and the GBP/JPY. Also looking good. You could go as far as say, let’s have a look at the EUR/GBP and let’s say the EUR/GBP was heading down massively big red bearish candle on the EUR/GBP. That again tells us that the euro’s got weakness and the pound’s, got strength.

So now when we go to the GBP/JPY, we’re now trading a very strong currency with a very weak one. And therefore you may not want to take the EUR/JPY as well. So you might only be taking, let’s say the GBP/JPYH, the USD/JPY, you might see the SGD/JPY, all the HKD/JPY yen or the CHF/JPY also good.

But you know, you’re really narrowing down and focusing on not only the candle pattern but the strength and weakness at the time.

We analyse and post the Daily Strength & Weaknesses.

Now, every single day we analyze daily strength and weakness and we post it on our membership site for our clients to follow and to understand how to do this for themselves. I also do, by the way, if you’re not a client for a very free basic version of this each day on our website, which you can get for free every single day as well.

Those are not trades, by the way that I put on our free website. Those are strength and weakness analysis. So let’s say again, let’s say we were looking at that EUR/GBP as an example, heading down on the daily chart. If you were trading the following day and you saw, let’s say a four hour buy trade on the EUR/GBP, you might want to avoid it because the EUR/GBP looks like it’s heading down with that euro weakness and pound strength that we’ve talked about.

So what you might want to do is only take high quality set ups that are sell trades on the EUR/GBP that day. Likewise, if we go back to our GBP/JPY, whether you take that or not on a daily chart, if you see let’s say the GBP/JPY heading out, pulling back on four hour charts or two hour chart, six hour charts, whatever it is you trade and they see a bullish pattern, great.

You’ve now got strength and weakness and you’ve got the candle pattern all telling you that the market is likely to move up. All it’s doing is adding one more factor in probability in your favor.

Looking at the Weekly charts at the start of each trading week.

Now, I take that one stage further. We also, at the beginning of each week, look at the weekly charts. Now we go through and analyze the weekly chart and do the exact same process, but on a higher timeframe.

Now let’s say again, this pattern, the end that we’ve talked about, let’s say that on the weekly charts, the pattern again, look very strong. We’ve already identified on the daily charts the pan gains looking strong. That again adds more weight to our daily chart. Again, scale that down to, let’s say we saw really good strong bullish pattern on the pan down for our chart.

We’ve now got the weekly, the Daily and now the shorter time frame all showing bullish tendencies, all showing strength in the GBP/JPY all at the same time. Bigger picture daily picture, shorter timeframe picture Put all that together, you owe yourself, you’ve got yourself a very high quality high probability trade there.

Learn how to analyse the strength & weaknesses for yourself.

So if you’d like to find out how you can analyze the charts like this on descending strength. Weakness is part of our coaching program, but if you’d like to find out more about that, you can jump on to my masterclass.

Book a Call and talk with us.

If you’d like to book a call with us and have a chat with us to see if we’re the right fit for each other. Now obligation call just to find out if if what we do can help you. If you’ll write for us, you can book a call as well.

Blueberry Markets as a Forex Broker.

And if you’re out there looking for a high quality forex broker, I can highly recommend Blueberry Markets that based in Australia, they can take clients from most countries around the world. They offer the MT5 trading platform where you can trade forex, metals, commodities, indices, cryptos and of course be an MT5.

You can trade multiple timeframe charts as well, such as two hour, three hour, six hour, eight hour, 12 hour, as well as the more standard time frame charts. So I’ll put a link to all of that below.

Comments, Like & Subscribe.

Any questions you have, please email me Andrew @TheForexTradingCoach.com or like and subscribe and leave a comment.

If you’re watching this video on YouTube and I’ll see you this time next week. This is Andrew Mitchem at the Forex Trading Coach. Bye for now.

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In this video:

So you want to know how to pass a prop firm challenge? Let me give you some tips that can ensure you’ll do that right now.

Hey, traders! Andrew Mitchem here at The Forex Trading Coach with video and podcast number 570.

Tips and information to help you pass a prop firm challenge.

Today I’m going to give you some tips and information to help you pass a prop firm challenge. So first of all, what is a prop firm? Well, there are companies out there that will give you money to trade on their behalf for profit share.

Once you’ve proven to them that you can trade properly within that low drawdown criteria and then understand the worth low drawdown criteria, because after all, it’s their money, it is not yours and you have to meet their rules in order to pass a challenge.

Become profitable on your own account first.

Now, first of all, I suggest that you forget prop firms and you go back to basics and you make sure that you are, first of all, profitable, all on a demo account and then a live account of your own.

It doesn’t really matter how big that live account is of your own. But make sure that you are consistently profitable on that first with low drawdowns. The reason I say that is that when you get on to the prop firm challenge, the numbers increase. You might have been trading a 5 or $10,000 live for kind of your own, and all of a sudden now you’re on $100,000 with a prop.

From now, sure, you start on a demo account, but the numbers can be quite scary to start with, and it can be quite off putting. So what you have to do is make sure that you trade your own personal live account in the same way and same conditions that you would the prop firm when you go on to that.

Otherwise you just wasting your money and throwing it away and don’t even bother start on the prop firm. So treat this real. Treat it like a business. It is, you know, serious stuff here.

Keeping drawdowns low and your risk per trade low.  

So you open up your prop firm challenge and they give you 100,000 demo. Okay. They will probably have a rule such as, like a maximum 5% drawdown.

Why? Well, it’s their money, not yours. Today we’re starting off and we’re on a demo. I get that it’s not real money, but when you go on to real money, you need to trade it the same way. So let’s say we have a 5% drawdown there. That means your account starting at 100 cannot go below 95,000. Otherwise they close the account on the demo.

And of course, the saying would be on the real. So what are you going to do to ensure that you have low drawdowns? Well, the most obvious thing is to have low risk per trade. I personally trade at an eighth to a quarter of 1% risk on trades on a prop firm. Why? Well, it means I can have if things go terrible.

I can have multiple trades all getting stopped out at once or in a row, which, by the way, doesn’t happen. But it could do. And I still keep within the drawdown criteria.

Take your time and don’t rush the process.

Now that also means that my gains are likely to be quite small, but that’s fine. There is no rush to pass a prop firm challenge. Take your time and do it properly.

Now you have to ensure that, of course, that you have high reward to risk trades so that when you are profitable, you have multiple. You know, you have trades that are multiple times your risk. So you can speed up that process. But let’s assume you pass your 100,000 demo okay. And you meet the 10% gain within the 5% criteria.

You go on to a live account. Don’t do anything different. Treat it exactly the same. Okay. Don’t get scared that now it’s real money because you know you can do it. You have that same low risk per trade approach. High reward to risk, and therefore, there should be no reason why you cannot pass that prop firm challenge. And let’s say you make it 10% which is $10,000.

You want an 80/20 profit share agreement with the prop firm company. All of a sudden that’s $8,000 to you. That’s not bad. It’s taking you a bit of time to get there, but now you’ve made it.

Open multiple prop firm accounts.

However, there’s absolutely nothing to say. You can’t open multiple accounts or with different prop firms and having a rolling, cyclical, process going here.

And that’s what a lot of our own clients do. You know, they’re opening up a new prop foam challenge every week, every couple of weeks, and they’ve got multiple prop firms going some on new demos, some almost passing the demo, some on to live, some passing live. And they’ve gone from 100 to 250, adding, you know, so there’s nothing to say that you can’t open multiple prop firms here.

So don’t just think of it as, oh my goodness, that’s a lot of work for just one. you know, one pay out of $8,000. No, you don’t have to do that. You can have multiple rolling prop firms going. That’s your decision to decide what’s best for you. But the beauty is, is that once you know how to trade within those low drawdown criteria and you’re not rushing it, there is an incredible opportunity to do very well from trading via a prop firm.

But it all comes back to the basics again. You have to know how to trade first. You have to keep your risk low and control. And that’s where we can help to educate you.

My 17 minutes Masterclass and Book a Call.

If you’d like to find out how we do this and how we can help you, jump on my masterclass or book a call with us so we can have a discussion to see if we’re the right fit for each other.

Blueberry Markets as a Forex Broker.

If you’re out there looking for a high quality broker, I can highly recommend Blueberry Markets jump onto that MT5 platform where they offer an enormous array of different forex markets, but also indices, cryptos, metals, commodities as well. And you’ll find that most prop firms will offer those also those non forex markets as well. So practice on that blueberry demo.

Get on to a live Blueberry account do well at that. Keep your live account going. But then at that stage if prop firms offer you that’s the time and not before.

Comments, Like & Subscribe.

Anything you need help with. Please let me know. Leave a comment like, share, subscribe. Email me Andrew at the Forex Trading Coach with any questions that you have or leave a comment and I’ll answer them personally for you.

I’ll see you this time next week. Enjoy your prop firms. Bye for now.

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In this video:

So you want to trade the crypto market, but you’re not sure how to go about that? We don’t have enough money to buy Bitcoin at $95,000. Let’s talk about how we can help you to trade cryptos and make money from them. Right now.

Hey there, Traders! It’s Andrew Mitchem here at The Forex Trading Coach with video and podcast him of 569.

Bitcoin hits almost USD$95k

So today we’re going to talk about cryptos. A lot is happening in the crypto markets right now Bitcoin’s hit almost 95,000 USD. If we go back just a few weeks ago it was around 65,000. So it’s had a massive, massive increase, most noticeably in the last few weeks since, Trump won the US election.

And in November, we have seen, the price of cryptos such as, like Polkadot and Dogecoin, some of doubled, some of almost doubled just in this month of November 24th. So there’s obviously a lot of action out there and a lot of people wanting to go and jump into the wonderful world of cryptos. So you’re wondering how me as a forex trader is going explain about cryptos to you?

Because of course there are, you know, many complicated ways of how you could get into cryptos and had you mind things where you go for wallets and all that type of thing.

How do I buy Cryptos.

And you might also be asking yourself, how on earth do I buy a Bitcoin? Because I don’t have $95,000 US sitting in my back pocket. And even if I did, do I want to go and buy a Bitcoin?

This is how we trade Cryptos.   

So as a currency trader, I have a quite a simple solution for you. And it is this we trade cryptos such as Bitcoin and Polkadot and Dogecoin, in exactly the same way that we trade the forex market. We use the same charts. I strongly recommend you jump on to MT5 (MetaTrader 5) and you’ll find, on almost all brokers now. A massive array of cryptos available to you.

You can trade Crypto long or short.

Now, the other beauty of that is you can trade short as well. So it’s not like you’re going out there and going, well, I’m going to go and buy Bitcoin now at $95,000. And I’m hoping it’s going to just keep going up and up in value. But what happens if it doesn’t. And it suddenly comes back to 65,000.

Are you suddenly -30 grand. it’s not particularly, good. fear for your heart conditions. if that happens. But the way that we trade cryptos, it’s honestly, it could be the EUR/USD. It could be the USD/JPY. It could be Bitcoin, it could be Polkadot. It does not matter. And the beauty of that is we’re looking at the same charts.

We’re looking at the same patterns to trade. We’re still looking at support and resistance levels, round numbers. you know previous highs and lows, all that type of thing. Trendline breaks, divergence. All the things that we look at and the charts behind me here. It could be like I said it could be Bitcoin. That could be EUR/USD.

It does not matter. And the ability to trade both long and short and have your controlled and low risk is to me the key of all of this.

Taking advantage of the big moves in Crypto.

And obviously there have been some big moves. Yes. Fantastic. And you know, you can take advantage of those big moves, but you’re not in the investing, you know, tens of thousands of dollars in one thing. Hoping it’s going to go up.

Learning how to trade for yourself and Book a Call.

So we like to know how we do that and how we can help, educate you so you can do this for yourself. That’s the important thing. And again, it doesn’t matter. You could be just wanting to trade forex. You could be just wanting to trade crypto or a mix and of the both. And that’s what we do.

If the chart patterns are there on cryptos, and we may have a day when there’s not much on the forex, then we trade just the cryptos. We trade what we see.

If you’d like to find out how we can do this and help you, have a look at my On Demand masterclass.

If you’d like to book a call with us to discuss how we can help you to trade cryptos, then I’ll put a link to that as well.

Blueberry Markets as a Forex Broker.

And if you’re out there looking for a very good broker and a very good platform where you can trade these large variety of cryptos, I’ll put a link here to Blueberry Markets as well. Highly recommend Blueberry Markets. They have a large number of cryptos available, very tight spreads.

You can trade Cryptos 24/7

And don’t forget the other beauty of cryptos is you can trade them 24 hours a day, seven days a week. And just last weekend we had one of our clients who does trade a lot of cryptos. He was posting a large number of trades that he took over the weekend on charts like four hour, six hour and 12 hour charts on a large number of different cryptos because the patterns were there and that is the advantage of it.

So if you’re out there saying, look, I’ve got a 9 to 5 and I don’t have time to trade forex, first of all, that’s not true. You can do that. But secondly, why not look at some cryptos at the weekend? Then just look at the change of a couple of time frame charts and see if you can, profit from that.

Contact us for trading help.

But of course, you need to know how to do that first. So come to us, get some information and some advice. Have a chat, get on to blueberry, have a look at their platform. Trade cryptos. It’s a great time to do it. Anything else you need, let me know. This is Andrew Mitchem here at the Forex Trading Coach. I see this time next week.

Bye for now.

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In this video:

I want to talk about the US election results and why I’m a technical trader. Let’s talk about those topics and more right now.

Hey there, Traders! Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 568.

Trump wins the US Election with a massive win.

So we’ve just had the results of the US election. This week has been a really good result. It’s been a positive result. there’s not going to be any indecision in the market now. we’re not going to get any delay in the result.

We’re not going to get any court action and recounts and all that type of thing. So from the markets point of view, it’s been a great result. And it’s been a good, strong, decisive, positive result. And that’s what the market needs and was looking for.

Quiet price action leading up to the election.

Now leading up to the US election, we’ve had a, like a quite a quiet couple of weeks, especially on the daily charts. And we’ve had that indecision and not really too much happening leading up to say, last week. And then the end of last week, we had the US monthly job news, and then the beginning of this week is all being quiet leading up to the election. Then, of course, you don’t want to be trading on the election day with potentially, you know, big moves or spreads widening and then we finally got the result and things are likely to now settle down again.

So it’s been a really interesting couple of weeks. You see the daily charts have been and the slightly longer timeframe charts like the 12 hours have been a little bit more indecisive. Not much happening there.

W1 and Shorter time frame chart trades  

However you take it out to bigger picture and the weekly charts. We’ve had some great results and then the shorter timeframe charts between, say, like the two and six hour charts, two, three, four, six hour charts.

We’ve seen some great results as well. So it’s really interesting that as a trader, you have to trade what the market’s giving you at the time.

Selling Silver on the W1 charts.

And an example would be, we’ve taken a couple of, sell trades on silver at the beginning of this week. So we’re talking, you know, like three days before the election results, we saw that XAG/USD and also, XAG/EUR were both dropping based off the weekly charts.

And so we took sell trades on both of those. We suggested to our clients, we took sell trades or, they should, look at some sell trades as well. And we’ve profited from those trades. Now, as a technical trader, I was into those trades on Monday my time or Sunday from the US. at the beginning of the week.

and so the charts were telling us from a technical point of view that Silver was going to drop. Now, how far it goes from now. I don’t really worry because I’m out of the trade for full profit. and now we’re looking for maybe another trade potentially might move back up again next week. Who knows. But we saw at the beginning of this week, before the fundamental results, we saw on the technicals that the silver was falling. We entered the trade. We’ve hit the profit target.

Metals dropped after the election result.

Now as a result of the US election, we saw a lot of the metals falling. We saw the US dollar strengthening. And that’s something that the fundamentals tell you.

You need to be willing to work at trading.  

But as you know I’ve just pointed out three days prior we already were in that position. We were shorting the metals such as Silver.

We were you know, we were long the US dollar as in shorting the silver US dollar. And so that’s exactly what we saw. so we would have seen, you know, the all of these things were pointing to the same thing on our charts long before the fundamentals. And we then, take this down to the shorter timeframe charts. We’ve seen some really good trades.

In fact, just on my webinar, yesterday, I took trades on the one hour, the two, the three and the four. And so we’ve seen some really good positions over the last couple of weeks on those shorter time frame charts as well. So it’s all about trading what you see and what the market is giving you.

But it’s all about trading the technical charts because they tell you in advance most of the time, what’s likely to happen on the fundamentals.

The charts tell us what was going to happen with the election.

So if you looked at that, you’d have seen that the result was likely to be good for the US. You would have seen, if you follow these things, that Trump was probably going to have a landslide victory.

Despite what the mainstream media in the press telling you. that’s why we don’t listen to those. That’s why we look at the charts and we we look at real news, not the, the mainstream news. And you can easily figure out what’s going on.

Now, if you’d like to, understand more about how we trade as technical traders, what I really encourage you to those two things.

My 17 minutes Masterclass and Book a Call.

One, have a look at my masterclass. It’s an on demand session. You can jump on that at any time if you’ve not already done so.

And number two, you can book a call with us and have a chat to see if we’re the right fit for each other. we don’t take on everybody. You’ve got to be the right sort of person, be in a position to want to trade properly and to invest in your education. And if you are, then great, we’re more than likely going to be a good match. But we’ll have a call and a chat with you first to see to make sure we can help you make sure that we’re right for each other.

Blueberry Markets as a Forex Broker.

And if you’re out there looking for a really good, high quality forex broker that offers all sorts of, markets, not just forex, but also the cryptos, the indices, the metals, commodities, I’ll put a link to Blueberry Markets. Their MT5 platform, is fantastic. And it offers all those additional, metals, but also things like XAG/EUR, not just XAG/USD, you know, against the pound against the Aussie, like that. So I against the Yen so you’ve got a lot more options there to again, come back to what I’ve mentioned about trading, what the charts are giving us, what the market’s giving us.

So if let’s say, for example, the, Silver you’re out in the XAG/USD we’re looking good like they were this week. You might not want to be trading XAU/USD or XAU/EUR because the silver’s were looking better. Or you may not want to be trading, say, XAG/JPY or the AUD or the GBP because the XAG/USD and the XAG/EUR were looking better. And that’s the beauty of having those multiple market options with a high quality broker like Blueberry Markets. So have a have a look at them and check them out as well.

Comments, Like & Subscribe.

I hope it helps. This is Andrew Mitchem at the Forex Trading Coach as always ask questions any topics you like me to cover on future videos and podcasts.

Just like this one? Just email me or leave a comment. my email address is [email protected]. That comes through to me personally, and I answer all emails personally as well. I’ll see you this time next week. Bye for now.

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In this video:

Is trading for everybody? Let’s talk about that really important topic and more right now.

Is trading for everybody?

Hey there, Traders! Andrew Mitchem here at the Forex Trading Coach with video and podcast number 567.

Now, I’ve had a few interesting chats this week and I want to bring this to your attention and really want to say, look, is trading for everybody. the answer is absolutely not. And as a result of what I’ve experienced this week, I want to explain why I’m saying it’s not for everybody.

I received a call a few days ago from someone who lives here in New Zealand. He’s not a New Zealander. Believe he’s living here right now. And I had some doubts when I heard the conversation, and I ended up saying, look, I don’t think you should do this. I don’t think trading is for you.

And certainly we’re not a good match. he was, you know, it was all a little bit desperate, needing the money, potentially saying there was health issues. whether there was or not, I don’t know, but, you know, it was quite a sob story, and I’ve only got $300, and I heard it all, and I go, you know, I’ve heard this so many times over 20 years of trading and teaching.

This is not for you. You know, you’re not in a position mentally, potentially physically, financially to do this. And if you jump on board, it’s going to end badly because people like that, desperate for money, they’re not willing to put the time in.

Some people are just lazy.

You know, people can be very lazy, you know, so they just want a copy. In fact, I did say to him, look, you should probably just go and buy yourself a monthly subscription to a signal service, because I don’t think that you’re the type of person that’s going to be putting in the time, the effort, the commitment, to learn and now, important to note that just because you may not have, money today, that doesn’t matter.

The thing that we’re doing is we’re, teaching people how to trade properly, but you still need to put that time commitment effort into wanting to learn how to do it. If you can trade. You can trade on demo. You can trade on small live accounts. You can go through the prop firms, you know, there’s so many different ways to be successful without needing the funds to date.

Now, sure, if you come on board with us, you need some funds to invest in the coaching. You know, we’re not at the giving, our time, our knowledge, our expertise. you know, just for peanuts. You know, we’re posting trades every day without fail. We’ve done this since 2010. We’re on webinars, forums, all those type of things and a proven strategy.

So, yes, there has to be, you know, an upfront fee to do that. You know, we are not a charity. Let’s be let’s be clear about this. But when we have good successful traders, you will make your investment batches countless times over. And yeah, that knowledge, for the rest of your life. But coming back to this individual person just wasn’t going to be him, you know, it wasn’t going to work. And so the question comes, should everybody trade? Absolutely not.

You need to be willing to work at trading.  

You know, you’ve got to still put the time, the effort, the commitment, the willing to have ups and downs in the market. You know, if you come on board and you go, oh look I’m not making money after one month. Well that’s because you’re learning. You know, you’ve got to give yourself time.

You can’t go and go. I want to be a tennis player. I’m going to do lessons for a month. And then I think I’m going to be the world’s number one. You know? It’s just not real. So give yourself some time, some realistic expectations to learn up front.

Trading and Painting.

And just, this week, I was at a business meeting and I said, look, the best thing I can do as an advice to give someone who wants to look at trading is think of yourself as like a painter or decorator.

Everybody sees the finished result. They see the painted wall, the, you know, the wallpaper, the the whatever. It is the, you know, the the beautiful finish. They don’t see the preparation that goes into it behind the scenes, the sanding, the, you know, the filling up the cracks and holes and, you know, doing all the prep work underneath the boring bit, underneath that makes the finished result look good.

And trading is exactly the same. You have to put that time and effort and commitment and not. On a more positive note, if you all one of those people would love to talk.

Want to join us – Book a Call first.

So, if you’d like to come on board with us, what you can do is book a call with us. It’s the only way that you can come on board with us, because we want to make sure that we’re a good fit. So book a call with us using the link that I’ll put on here. We’ll have a chat, see if you’ll write for us, if we’re right for you, and if we, both agree, then it’s a good match. Then you know the call is yours to say. Well, look, I’d like to come on board or not. That’s up to you.

My 17 minutes Masterclass.

Have a look at my masterclass. And, if you add, I’ll put a link to that.

Blueberry Markets as a Forex Broker.

And if you’re out there looking for a very high quality broker, I can highly recommend Blueberry Markets. There. MT5 platform is, fantastic. I’ve taken trades just yesterday on the USD/MXN and and the, CHF/PLN and Ethereum. You know, some quite a more unusual.

You know, if we were talking five years ago, those, pairs wouldn’t have been available. But because of mt5 and the ability to have more pairs, more markets, they are and and so we’re taking trades based on the strategy, on the pattern, not so much what the market is. And they’re working. So have a look at blueberry markets if you want a good quality broker as well I’ll put a link to them here.

That’s it for now. just remember if you’d like to learn how to trade. We’ve been doing this for a long time, but you need to be the right type of person that wants to do it. And if you are, let’s talk.

This is Andrew Mitchem here at the Forex Trading Coach. I see you this time next week. Bye for now.

In this video:

Should you trade the European and US Trading Sessions in order to be a successful forex trader? Let’s talk about that a more. Right now.

Hey there, Traders! This is Andrew Mitchem here at the Forex Trading Coach for video and podcast number 566.

Which trading Session should you look at?

Today I want to talk about trading sessions. A lot of people get confused and get this completely wrong. And they think that in order to be a successful trader, whether it be forex or metals or indices, whatever it might be, they think that they should trade what we call the trading sessions.

Now the Asian trading session was just based around Tokyo. Then we have the London and kind of that into European trading sessions and then the US trading sessions. And they tend to be the times when this the most activity within the market. And people get very confused and they think, well, I should only be trading the London trading session or I should only be trading the US session, or make sure I try and trade both of them, and it’s something that you do not have to do.

I used to be up all hours of the nigh trading the US session.

Now, admittedly, when I started to trade, I thought that’s what you had to do as well because that’s what people tell you you should do. But quite often in life, with most things and people tell you you’ve got to do this. The reality is that there’s a far better way of doing it by ignoring what they say. And there’s no better example than that.

Then for me, living here in New Zealand, the London session is in our evening into our night time, and the US session is the very early hours of the morning. Utterly impossible and unrealistic. Impractical to trade.

And just this week I’ve taken trades on the US30 and also on natural gas. Now the US30, especially being in a US index.

Traditionally, I would have thought, well, that means I have to be up at 2:00 in the morning to trade when the US markets are open and when natural gas, slightly less of a, an issue, but again, not a main forex what you call like a mainstream forex pair because it’s a gas and the metals, the gases, and the indices and a lot of the commodities as well tend to be based more around the US time of day.

Not particularly useful when you live on this side of the world. But really this applies to wherever you live in the world. If you’re living in, Europe, let’s say you got, well, I can’t trade the London morning session because I’m at work. you may be in the US and go, well, I can’t trade the London trading session because it’s like 4:00 in the morning for me. And so it doesn’t matter where you live in the world, the same concept applies.

Profitable US30 and Natural Gas trades.    

The thing is, with trades like the US30 that I took this week, and by the way, it was a very profitable trade. We had a 3.2 to 1 reward to risk on that, and we also had a 2.8 to 1 reward to risk on the natural gas, both for profitable.

So great results. the point being is I took both of those two trades based off the daily charts, and I took them at the close of the day, which is 5 p.m. New York time. Now, the great thing is, when you understand, close of charts, close a day charts and the close of a time friend chart.

That’s when you can look at your charts. When you add to that the fact that we use limit orders, you don’t actually need to be there at that exact time. So going back to the US30, when the, market then opened, I think it was 6:00, eastern Standard Time, maybe seven. I then, put on the sell limit orders to sell the US30 above its current price, the market.

Then, during that day, then worked its way back up, hit our sell limit entry orders, and then dropped and hit the profit target. So those trades took me, like, a couple of minutes each to see and take and place. And I could have placed those. Doesn’t matter where I live in the world, I could have placed those limit orders.

And that’s the absolute beauty of it. I didn’t need to be setting my alarm clock. Been up at 2:00 in the morning or 3:00 in the morning for the US trading session.

Trade on the close of a candle.

You don’t have to do that trade based off the close of a candle. And if you can trade at that 5:00 New York time in the evening, that time, that means you can also go through multiple other charts like we do each day.

We look at six, eight and 12 hour charts. depending on where you live in the world, you can look at close of, six hour charts or eight hour charts or 12 hour charts, which, by the way, at 5 a.m., New York time.

Now that doesn’t suit. And you go, well, it’s 5:00 in the morning because I live in New York. Well, if you place limit orders, you could place them at like 6 or 7 or 8:00 in the morning when you get up. And you can still take those traits. And so work your trading around your available time and what suits you. But once you know what you’re doing, you don’t need to have to sit there watching like so.

Five and 15 minute charts in the London session or in the New York session. Do the complete opposite, because the opposite is where you get your longevity and your enjoyment from. And also you’re going to get your, lot less stress and higher reward to risk trade. So remember, it’s about the quality of trades, not the quantity of trades that you have there.

My 17 minutes Masterclass and Book a Call.

If you’d like to find out how we do this, I strongly recommend you jump on to my 17 minute on demand masterclass session. I’ll put a link to that here.

If you’d like to, go ahead and book a call to have a chat with one of, myself or one of my team. I put a link that you can do that. Just fill out just a few questions, and then you can book a time to have a chat with us. If you’re in the US or Canada, you can talk directly with Paul Tillman, via that application form as well.

Blueberry Markets as a Forex Broker.

And if you’re out there looking for a very high quality forex broker, which also offers the indices and those metals and commodities and the cryptos that we talk about, I highly recommend you take a look at blueberry markets. I’ll put a link to them here as well. I use their MT5 platform. It’s fantastic. Just a massive array of different markets and, great people, great spreads and very fast withdrawals from your account. And you make your profits as well. So I’ll put a link to blueberry markets here as well.

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